February 10, 2014 – Weekly News WEEKLY REPORT 10/02-14/02 EUR/USD Last week the EUR/USD pair strengthened by 1.11%. The pair started last week on 1.3480 and moved sideways till Thursday when the last data before Non-farm payrolls came out under estimation. The same moment Mario Draghi (European Central Bank president) was speaking and due to […]
The Asian currency markets got a first chance to react to the US nonfarm payrolls report from last Friday. The tepid response to the softer-than-expected numbers was a little surprising, which indicates that investors continue to expect the Fed will remain on course with tapering. The rise of 113,000 new jobs for January was short […]
Crude oil trading resulted in futures for the commodity rising to their highest value in one month on Feb. 6. Brent crude contracts on the ICE Futures exchange rose 0.9 percent to reach $107.19 a barrel, according to The Wall Street Journal. Futures for light, sweet crude gained 0.5 percent to rise to $97.84 per […]
European markets have opened higher today, taking cues from a healthy rally on the Wall Street on Friday despite mixed jobs report. Closer home, accounting firm BDO reported that its index, measuring optimism among British businesses, hit its highest level for 22 years in January. Related Posts:Can Q1 earnings season refuel the equity market rally? […]
GOLD: Risk is now building up on the 1,279.08 level, its Jan 27 2014 high. This is coming on the back of its past week gains. A decisive break and hold above the mentioned resistance will pave the way for a run at the 1,300.00 level, its big psycho level. A clearance of here if […]
EURUSD: EUR took back most of its previous week gains to close higher the past week. This development now leaves the pair aiming at the 1.3739 level where a breach will target further upside towards the 1.3800 level, its psycho level.This view is consistent with its long term uptrend which is on hold due to […]
USDCHF: With USDCHF closing the week lower and reversing most of its past week gains, the risk as we enter the new week is for more decline to occur. As long as USDCHF trades and holds below the 0.9156/0.9079 levels this view remains valid. Support lies at the 0.8902 level, its Jan 24 2014 low […]
February 7, 2014 – Indices News Asian markets went up earlier today after better than expected initial jobless claims data coming from the United States. Good data from one of the largest export markets for Asian firms has made investors optimistic. Furthermore, the Reserve Bank of Australia increased its economic growth forecasts, further adding to […]
USDCAD: With a strong sell off pushing the pair below the 1.1031/36 levels, its Jan 27/Feb 05 2014 lows, further weakness is envisaged. Support comes in at the 1.0904 level, its Jan 17 2014 low with a cur through here extending weakness towards the 1.0850 level and then the 1.0800 level, its psycho level. Its […]
USDCAD: With a strong sell off pushing the pair below the 1.1031/36 levels, its Jan 27/Feb 05 2014 lows, further weakness is envisaged. Support comes in at the 1.0904 level, its Jan 17 2014 low with a cur through here extending weakness towards the 1.0850 level and then the 1.0800 level, its psycho level. Its […]
Appearances by central bankers such as Yellen, Draghi and Carney together with Eurozone GDP will likely prove the highlights of next week. Traders will focus on whether the markets can stabilize following a rocky start to 2014. Janet Yellen, having just succeeded Ben Bernanke as chair of the Federal Reserve, will testify before the US […]
The event-filled week culminated with the US jobs report which unexpectedly reported a lower-than-expected result. Some analysts blame the extreme weather conditions that hit the United States as a reason behind the soft employment numbers. The nonfarm payrolls (NFP) report showed that 113,000 jobs were created in January, missing forecasts for a 185,000 print, with […]
The DJIA, S&P and NASDAQ are struggling to bounce. Yet the bullish convictions remain high. Says a February 5 Investor’s Business Daily headline: “Why Mutual Fund Investors Need Not Panic After January Sell-Off” When is the best time to get out of the stock market? When everyone else is invested and extremely optimistic. When is […]
The DJIA, S&P and NASDAQ are struggling to bounce. Yet the bullish convictions remain high. Says a February 5 Investor’s Business Daily headline: “Why Mutual Fund Investors Need Not Panic After January Sell-Off” When is the best time to get out of the stock market? When everyone else is invested and extremely optimistic. When is […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014 Written by the easy-forex team Currencies A stronger dollar pushed the euro (EUR) lower as the pair moved below 1.3543 in early trading. The single currency may come under stress today as Eurozone price data […]
So it’s time for yet another NonFarm Payroll! But what makes this event so special, and this one in particular? And why doesn’t it include the Farm sector? The question occurred to me yesterday, so I thought I’d do a little research. Here’s what I found. When the Bureau of Labor Statistics began studying payrolls […]
Futures for gold were seen climbing on the last day of the trading week before data for US job data including non-farm payrolls and unemployment rate figures. The data is expected to be released later in the day. The yellow metal is rising towards its sixth weekly gain. Bullion for March delivery rose 0.37% trading […]
Crude Prices were seen trading slightly mixed on Friday as analysts awaits US jobs reports later in the day. WTI for March delivery came in 0.15% lower trading at $97.70 per barrel on the New York Mercantile Exchange at the time of writing, at the same time Brent for March settlement gained 0.18% to $107.39 […]
The latest daily video report from easyforex.com, includes all the latest fx market moving news and pairs to watch in the forex markets. Related Posts:Market continues to price in a plethora of rate cuts for… April 17, 2024 Market is still in monetary easing mode despite fewer rate…Video market update for April 17, 2024 April […]
Broker JPMorgan today revised its outlook on Tate & Lyle (TATE.L) to overweight from underweight. The bank stated that earnings have been held back for the last couple of years due to the companies investment in its Speciality Food Ingredients platform, however that investment is now starting to show a return. JP Morgan anticipates that […]
Were January Payrolls a Blip? Morning Report: 08.45 London • Markets are generally subdued this morning ahead of US Non Farm Payrolls at 13.30. Expectations have been diminished factoring in the extreme January weather, but coming on the back of a poor reading last months, traders will be looking for some good news. • […]
On a daily basis IronFX Head of Global FX strategy Marshall Gittler comments on the world economies and speaks about the forex calendar of economic announcements. Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: […]
Financial market discovery phase As a relatively new trader joins the market, the first sentiment will always be that of entering a new business or discovering a new opportunity that may change one’s life forever. The first few trades are always done on a simulation account (as it seems that everybody recommends that to start […]
February 7, 2014 – Daily Market News Today’s Hot Assets: GBP, USD, CAD, Gold Today we will have the Nonfarm Payroll report coming from the US. Last month we saw that 74,000 jobs were created during the month of December which was far below the expected 196,000. This was the weakest month for job growth […]
Kazuo Hirai, who took the helm at Sony Corp. two years ago to reestablish the Japanese icon, is losing credibility with investors that he’s up to the job. The chief executive officer promised when he came in to turn around Sony’s ailing consumer-electronics business and generate a earnings at the television unit after $7 billion […]
The Reserve Bank of Australia hiked its economic growth and inflation projections, reflecting a weaker currency, and reiterated its shift to a neutral policy stance. “Over the past few months, there have been further signs that very stimulatory monetary policy is working to support economic activity,” the RBA said in its quarterly monetary policy statement […]
U.S. stocks advanced the most this year amid better-than-projected profits and unemployment claims, while the euro rallied and German bonds sagged down as the European Central Bank left interest rates unaltered and refrained from adding stimulus. Gasoline, nickel and zinc led commodity increases. The Standard & Poor’s 500 Index bolstered 1.2 percent at 4 p.m. […]
China’s stocks decline as mainland markets resumed trading after a week-long holiday. Financial and consumer firms led pullbacks as manufacturing and services data indicated a slowdown and retail sales growth decelerated. Suning Commerce Group Co., the biggest electronics retailer, relinquished 2.2 percent, dragging down a gauge of consumer companies reliant on economic growth. Ping An […]
February 7, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold reacted on disappointing U.S. data and reached $1,266/ounce, however, the sentiment changed immediately and the price dropped to $1,252/ounce. As the China market reopened after week the physical demand strengthened and pulled the price up above $1,263/ounce. The price is […]
GBPUSD: While GBP continues to hold above its horizontal at the 1.6259 level, further upside risk is envisaged. This leaves the pair threatening further upside towards the 1.6398 level as the next upside. Further out, resistance resides at the 1.6440 level, its Feb 03 2014 high where a breach will aim at the 1.6500 level. […]
